Soybean farmers urge Trump to cut a deal with China: ‘We cannot survive a prolonged trade dispute'
agfundernews.com
American soybean farmers have urged President Trump to cut a deal with China that removes retaliatory duties on US soybeans.

Historically, China has been the top buyer of US soybeans by “a staggering margin,” says the American Soybean Association. This year, with US soybeans facing retaliatory tariffs amid the ongoing trade war, China is going elsewhere.

In a letter urging President Trump to cut a deal with China that removes China’s retaliatory duties and includes “significant soybean purchase commitments,” the ASA says China “currently has zero new crop export orders for US soybeans on the books for marketing year 2025/26.”

  • A_norny_mousse@feddit.org
    11·
    13 days ago

    Has anybody ever won a trade war?

    I guess sometimes one side loses, which might have been the desired outcome, but that’s not exactly the same as the other side winning.

    • Voroxpete@sh.itjust.works
      11·
      13 days ago

      I mean, just take a look at that graph of comparative exports from the US and Brazil in the article. There’s your answer right there. Not only did Brazil massively leap ahead during Trump’s last go at this in 2017, you also see that US imports never really recovered afterwards. Brazil took a commanding lead and held it. Even when the tariffs were gone, the damage was permanent.

      The damage from this will be permanent too. Why take the risk that your whole supply chain will get thrown out of whack because some morons in Kansas elect an even bigger moron to lead their country? It’s not worth it.

      I’ll bet dollars to donuts you can find similar versions of that chart for lots of other industries. Between his two terms, I think we’re only just beginning to see the full scope of the damage Trump has done, and will do, to the US economy.

      • prole@lemmy.blahaj.zone
        2·
        13 days ago

        I mean, just take a look at that graph of comparative exports from the US and Brazil in the article. There’s your answer right there. Not only did Brazil massively leap ahead during Trump’s last go at this in 2017, you also see that US imports never really recovered afterwards. Brazil took a commanding lead and held it. Even when the tariffs were gone, the damage was permanent.

        What damage? This oversimplified, “trade deficit bad” shit is so fucking stupid. We live in a global economy. This isn’t a zero sum game.

        • The_v@lemmy.world
          2·
          12 days ago

          I try to explain it people really carefully.

          First ask them “what makes a country wealthy”. The idiots always reply with “it’s having lots of money”.

          Me. “Money is just numbers or pieces of paper that governments say is worth something. Real wealth is having the use of and control of resources. Resources are things like goods, labor, materials, production facilities, etc. So in trade if one country gets more money and other country gets more resources, the one receiving more resources wins.”

          I usually lose them at the first sentence, they are after all idiots.

  • A_norny_mousse@feddit.org
    3·
    13 days ago

    The derision with which the Orange Baby spits out the word China, every single time - I wish those farmers my heartfelt good luck.

  • Octavio@lemmy.world
    3·
    11 days ago

    Welp. They sure voted for one, based on all the trump billboards in soybean fields I observed last fall while driving through us farm country.

    (And also based on exit polling, which I imagine is more reliable, but going by my sign in field gauge gives me that folksy touch).

  • PowerCrazy@lemmy.mlEnglish
    2·
    12 days ago

    Good. It’s good national policy not to grow food for foreign markets. There should be 100% export tariffs for all food/plants/animals leaving North America.